Category: Direct Tax

Instructions on Uploading Information on VRU Functionality on Insight Portal for Implementation of Risk Management Strategy for Issuance of Notice: CBDT 

1. The Central Board of Direct Taxes (CBDT) has issued the instructions regarding uploading information on Verification Report Upload (VRU) functionality on Insight portal for implementation of risk management strategy for issuance of notice. As per the amended provisions of section 148 of the Income-tax Act, …

Clarification on requirement of seeking No Objection Certificate or No Dues Certificate from Income Tax Dept. during Voluntary Liquidation Process under IBC:IBBI

1. The Insolvency and Bankruptcy Board of India (IBBI) issued the clarification on the requirement of seeking a No Objection Certificate or No Dues Certificate from the Income Tax Department during the Voluntary Liquidation Process under IBC. 2. Regulation 14 of the IBBI (Voluntary Liquidation Process) …

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